Europe’s mega banking deal highlights the constraints that Canada places on its Banks

 As noted earlier, BMO Bank of Montreal were touted as being interested in LaSalle Bank in Chicago, but general analyst sentiment places the US $21 Bn price tag that BofA appear to have secured, well out of reach.

At $91-billion, a Barclay’s merger with ABN Amro dwarfs Canadian banks, and may leave them out of future plays as global consolidation rolls on.  I would be shocked if Harris came to the table with a bid at this point.

The largest financial services takeover ever is reigniting calls for Canadian bank mergers as Bank of Montreal appears unable to even pick up the leftovers.

The small size of Canada’s “big banks” was on display yesterday after Barclays PLC announced its $91-billion (U.S.) offer for ABN Amro Holding NV, a deal that would create a mammoth bank with 47 million customers.

Source: globeandmail.com: Europe’s mega banking deal

 

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